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Finotec News Archive - February 1 2008

In Depth Analysis

USD/CHF - More bad news for dollar as Swiss franc edges new peaks. - The dollar fell against the Swiss franc after a report showed a spike in U.S. initial jobless claims, increasing the chances of more Federal Reserve interest rate cuts. This gave a chance to the Swiss franc to reach new highs of 50 basis points again

Commodities News

Investors await OPEC meeting announcement - Crude recovered marginally as Iranian Oil Minister Gholamhossein Nozari said that the black gold market remains well supplied and he saw no need for OPEC to boost production

Gold drop down on taking profit and can bounce back - The psychological resistance remains at 950.00 dollar an ounce

Forex Pairs Daily Analysis

USD/CHF- market strategy can be a sell on break of support level 1.0800 - the currency pair tendency for the last days is bearish

GBP/USD-market strategy can be a sell at 1.9945 on failure to break resistance level - the currency pair try to break the MA(20) down

USD/JPY-market strategy can be a buy failure to break 105.05 - for the last days the pair is on bearish direction

Forex Daily Analysis

Today Nonfarm payrolls will give a transparent direction for US dollar - Ahead today, the market eagerly awaits non-farm payrolls at 13:30 GMT. The market is forecasting $55k increase in people employed excluding the farming sector. A solid figure will help consolidate the greenback. Also today we have Michigan Consumer

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Real Time Forex Calendar

Event Date

PPI m/m(EUR)	20.11.2008 07:00
Trade Balance(CHF)	20.11.2008 07:15
Retail Sales m/m(GBP)	20.11.2008 09:30
Public Sector Net Borrowing(GBP)	20.11.2008 09:30
Wholesale Sales m/m(CAD)	20.11.2008 13:30
Unemployment Claims(USD)	20.11.2008 13:30
Consumer Spending m/m(EUR)	21.11.2008 07:45
Interest Rate Statement(JPY)	21.11.2008 00:00
Manufacturing PMI(EUR)	21.11.2008 08:00
Services PMI(EUR)	21.11.2008 08:00
Manufacturing PMI(EUR)	21.11.2008 08:30
Services PMI(EUR)	21.11.2008 08:30
Manufacturing PMI(EUR)	21.11.2008 09:00
Services PMI(EUR)	21.11.2008 09:00
Italian Retail Sales m/m(EUR)	21.11.2008 09:00
Core CPI m/m(CAD)	21.11.2008 12:00
CPI m/m(CAD)	21.11.2008 12:00

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